by Hailey-Petty Law Firm | Jul 14, 2022 | Estate Planning
If you have been named estate executor, you most likely have questions about what your responsibilities entail. This is a very important role, and therefore it’s very important you get clear answers to your questions. What does an executor of a Will do? What are their...
by Hailey-Petty Law Firm | Jul 7, 2022 | Estate Planning
Beneficiary designations are an important part of the estate planning process, even though they are actually dealt with outside of the estate plan itself. A designated beneficiary is a person who inherits an asset—such as the balance of an individual retirement...
by Hailey-Petty Law Firm | May 30, 2022 | Marriage
It’s been more than a year since Kim Kardashian filed for divorce from Ye, formerly known as Kanye West. After almost 8 years of marriage, the TV personality and businesswoman broke things off on February 19, 2021. However, it wasn’t until March 2, 2022, that she was...
by Hailey-Petty Law Firm | Apr 14, 2022 | Estate Planning
Per Stirpes Texas Per Stirpes And Not Per Capita In TX Wills are the primary estate planning documents. When you are drafting a Will you may need to include either the per stirpes or the per capita terms in the document. Any person engaging in estate planning is...
by Hailey-Petty Law Firm | Apr 12, 2022 | Estate Planning
Can A Trust Be A Beneficiary Of An IRA In Texas Trust As IRA Beneficiary In TX It is not a good idea to name a trust as a beneficiary of your IRA because the IRA will lose the benefit of tax-deferred growth. This is because the IRA will have to be distributed faster...
by Hailey-Petty Law Firm | Apr 7, 2022 | Estate Planning
Selling A House In An Irrevocable Trust After Death In Texas How To Sell A Property Held In An Irrevocable Trust In TX A trustee can sell property in an irrevocable trust according to the terms provided in the documents used in the creation of the irrevocable trust....
by Hailey-Petty Law Firm | Apr 5, 2022 | Estate Planning
What Assets Are Protected In A Lawsuit In Texas Protect Assets From Lawsuit In TX Asset protection is all about protecting your assets from collection actions from predators and creditors. You can protect both exempt and non-exempt assets legally so that your heirs...
by Hailey-Petty Law Firm | Mar 31, 2022 | Elder Law
Can A Person With Alzheimer’s Change Their Will Power Of Attorney For Spouse With Dementia In Texas Dementia is a condition that can wreck a family to the core. Millions of Americans suffer from this condition, which has consistently proven to have no cure. The...
by Hailey-Petty Law Firm | Mar 22, 2022 | Elder Law
Independent Living Facilities Independent Living Facility In Texas Seniors have several living arrangements that they can opt for based on the kind of care they need. Some prefer to maintain most of their independence and for that reason choose independent living...
by Hailey-Petty Law Firm | Mar 17, 2022 | Medicaid Lawyer
Can I Get Medicaid If I Have Money In The Bank Asset Limit For Medicaid In Texas Before you get approved for Medicaid, a joint federal and state program, you have to meet certain income and asset limits. Medicaid is designed to help low-income people with few assets...
